News
Changes to National Insurance Contributions on Holiday Pay
The Chancellor’s Pre-Budget Report and Comprehensive Spending Review, delivered to Parliament on 9 October 2007, included an announcement that the National Insurance Contributions exemption (NI concession) for holiday pay funded through centrally managed schemes is to be withdrawn with effect from 30 October 2007. There will, however, be a five year transitional period for the long-standing construction industry schemes, during which time participation in those schemes, including Welplan and Welplan Plus, will continue to attract the NI concession.
Click below for more information.
1) National Insurance Concession - letter to participating employers (1)
2) National Insurance Concession - letter to participating employers (2)
4) Statutory Instrument 2007 No. 2905 laid before Parlaiment on 9th October 2007
5) Announcement to HVCA members
6) NIC Concession Holiday Pay - Update
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London Olympics Threaten Skill Shortage
